BIT vs. QQQ
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or QQQ.
Correlation
The correlation between BIT and QQQ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BIT vs. QQQ - Performance Comparison
Key characteristics
BIT:
0.93
QQQ:
1.58
BIT:
1.43
QQQ:
2.13
BIT:
1.17
QQQ:
1.28
BIT:
1.18
QQQ:
2.13
BIT:
2.64
QQQ:
7.44
BIT:
2.95%
QQQ:
3.88%
BIT:
8.41%
QQQ:
18.24%
BIT:
-43.54%
QQQ:
-82.98%
BIT:
-0.27%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, BIT achieves a 1.54% return, which is significantly lower than QQQ's 2.06% return. Over the past 10 years, BIT has underperformed QQQ with an annualized return of 8.09%, while QQQ has yielded a comparatively higher 18.75% annualized return.
BIT
1.54%
3.96%
6.10%
7.86%
7.62%
8.09%
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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Risk-Adjusted Performance
BIT vs. QQQ — Risk-Adjusted Performance Rank
BIT
QQQ
BIT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BIT vs. QQQ - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 10.12%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 10.12% | 10.19% | 9.92% | 9.60% | 8.20% | 8.48% | 8.86% | 9.14% | 8.45% | 11.67% | 9.42% | 8.87% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BIT vs. QQQ - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BIT and QQQ. For additional features, visit the drawdowns tool.
Volatility
BIT vs. QQQ - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 3.59%, while Invesco QQQ (QQQ) has a volatility of 6.45%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.